Updated June 10, 2024
Bulenox offers two types of evaluation accounts
Option 1: Live trailing drawdown
Option 2: EOD trailing drawdown, daily loss limit, scaling in funded
Minimum 5 trading days to pass
Reach profit target to move to funded account
Intraday Live trailing drawdown (Option 1) - The drawdown trails with your realized and unrealized P&L. End of day trailing drawdown (Option 2). Account balance must be maintained above drawdown limit at anytime.
In Option 2 accounts, crossing the daily loss limit shuts trading for the day. Can resume trading the next day
Do not exceed the maximum number of contracts for each trade
Must close orders /positions before 4:59 p.m. EST (New York). But in the 10K account you can carry trades on MES, MNQ, M2K, or MYM to the next day without closing them, except on weekends.
Free reset of failed account on renewal. Immediate reset available for $78.
Trading Platforms: Ninja Trader, Rithmic. Other platforms are also available. Tradovate is not available.
Commission costs: Micros @ $0.61, Minis @ $2.09 each way
No limit on the number of evaluation accounts but can hold a maximum of 11 Master (funded) accounts only.
Caution / Prohibited: Scalping algorithms, automated discretionary trading, opening and closing hundreds or thousand of rapid trades by using trading algorithms, implementation of reckless transactions in rough markets (refer Bulenox)
After reaching the evaluation profit target, submit for verification through dashboard (approval in 48 hours). After approval pay one time activation fee (see table)
Trailing drawdown stops trailing once drawdown reaches initial balance. For example, in a 50k account drawdown trails from 47,500 till it reaches 50,000 after which it stops trailing. Also, in Option 2 accounts when drawdown reaches the initial balance there will be no daily loss limits.
In Option 2 accounts, contracts scaling plan is calculated based on cash on hand balance (see table). For example, on a 100k account if your profit is between $2,001 and $3000, you can trade up to 5 contracts and if it is less than $1,500, you can trade only 3 contracts maximum.
No resets
You can initially activate up to 3 Master Funded accounts simultaneously. After that to activate each additional Master account, the maximum drawdown should reach the initial starting balance on 1 of the 3 previously funded accounts. Subsequently, to add additional Master Account the maximum drawdown should reach the initial starting balance on the most recently funded Master Account. This rule repeats until you reach the maximum of 11 Master Funded accounts.
Request payout at any time after completing ten (or more) trading days and after balance exceeds the minimum required safety threshold reserve in your account (see table). You are entitled to withdraw safety threshold reserves only upon the termination of the Master agreement.
During the first to third payout cycles the minimum amount you can withdraw is $1,000 (exception: 10K - $500). Maximum withdrawal amount depends on the account size (see table). After the 3rd payout, there is no maximum withdrawal limit.
Traders receive 100% of the first $10,000 and 90% thereafter
Payouts are processed on Wednesdays. Payouts are made through ACH/Wire Transfer, Paypal, or Zelle.
Traders with proven results and oriented for a long-term relationship receive a unique offer on an individual basis from funding partners. Traders can choose to continue trading on the Master account or get transferred to a funding partner.
Can register as personal or business (subject to professional data fees)
Up to 11 funded accounts
First 10,000 for trader then 90%
Maximum payout after 3 payout cycles (of 10 trading days each)